SMH vs. MOAT
Compare and contrast key facts about VanEck Semiconductor ETF (SMH) and VanEck Vectors Morningstar Wide Moat ETF (MOAT).
SMH and MOAT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Semiconductor 25 Index. It was launched on Dec 20, 2011. MOAT is a passively managed fund by VanEck that tracks the performance of the Morningstar Wide Moat Focus Index. It was launched on Apr 24, 2012. Both SMH and MOAT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SMH vs. MOAT - Performance Comparison
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SMH vs. MOAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMH VanEck Semiconductor ETF | 8.84% | 49.17% | 39.10% | 73.38% | -33.53% | 42.13% | 55.53% | 64.45% | -9.05% | 38.48% |
MOAT VanEck Vectors Morningstar Wide Moat ETF | -6.87% | 13.20% | 10.73% | 31.89% | -13.66% | 24.12% | 14.84% | 34.79% | -1.28% | 23.18% |
Returns By Period
In the year-to-date period, SMH achieves a 8.84% return, which is significantly higher than MOAT's -6.87% return. Over the past 10 years, SMH has outperformed MOAT with an annualized return of 31.58%, while MOAT has yielded a comparatively lower 13.46% annualized return.
SMH
- 1D
- 2.24%
- 1M
- -3.55%
- YTD
- 8.84%
- 6M
- 17.83%
- 1Y
- 85.04%
- 3Y*
- 44.53%
- 5Y*
- 26.15%
- 10Y*
- 31.58%
MOAT
- 1D
- -0.26%
- 1M
- -9.39%
- YTD
- -6.87%
- 6M
- -2.70%
- 1Y
- 11.53%
- 3Y*
- 10.62%
- 5Y*
- 7.92%
- 10Y*
- 13.46%
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SMH vs. MOAT - Expense Ratio Comparison
SMH has a 0.35% expense ratio, which is lower than MOAT's 0.48% expense ratio.
Return for Risk
SMH vs. MOAT — Risk / Return Rank
SMH
MOAT
SMH vs. MOAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Semiconductor ETF (SMH) and VanEck Vectors Morningstar Wide Moat ETF (MOAT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| SMH | MOAT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.32 | 0.59 | +1.73 |
Sortino ratioReturn per unit of downside risk | 2.92 | 0.98 | +1.95 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.13 | +0.28 |
Calmar ratioReturn relative to maximum drawdown | 5.39 | 0.83 | +4.56 |
Martin ratioReturn relative to average drawdown | 19.22 | 3.12 | +16.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SMH | MOAT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.32 | 0.59 | +1.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 0.44 | +0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.98 | 0.72 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.75 | -0.47 |
Correlation
The correlation between SMH and MOAT is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SMH vs. MOAT - Dividend Comparison
SMH's dividend yield for the trailing twelve months is around 0.28%, less than MOAT's 1.46% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMH VanEck Semiconductor ETF | 0.28% | 0.31% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% |
MOAT VanEck Vectors Morningstar Wide Moat ETF | 1.46% | 1.36% | 1.37% | 0.86% | 1.25% | 1.08% | 1.46% | 1.31% | 1.79% | 1.07% | 1.17% | 2.13% |
Drawdowns
SMH vs. MOAT - Drawdown Comparison
The maximum SMH drawdown since its inception was -84.96%, which is greater than MOAT's maximum drawdown of -33.31%. Use the drawdown chart below to compare losses from any high point for SMH and MOAT.
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Drawdown Indicators
| SMH | MOAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.96% | -33.31% | -51.65% |
Max Drawdown (1Y)Largest decline over 1 year | -15.95% | -13.30% | -2.65% |
Max Drawdown (5Y)Largest decline over 5 years | -45.30% | -23.96% | -21.34% |
Max Drawdown (10Y)Largest decline over 10 years | -45.30% | -33.31% | -11.99% |
Current DrawdownCurrent decline from peak | -8.02% | -10.42% | +2.40% |
Average DrawdownAverage peak-to-trough decline | -41.35% | -3.80% | -37.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.47% | 3.55% | +0.92% |
Volatility
SMH vs. MOAT - Volatility Comparison
VanEck Semiconductor ETF (SMH) has a higher volatility of 11.74% compared to VanEck Vectors Morningstar Wide Moat ETF (MOAT) at 4.78%. This indicates that SMH's price experiences larger fluctuations and is considered to be riskier than MOAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMH | MOAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.74% | 4.78% | +6.96% |
Volatility (6M)Calculated over the trailing 6-month period | 24.02% | 10.10% | +13.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.88% | 19.76% | +17.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.68% | 18.09% | +16.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.29% | 18.71% | +13.58% |